Alan Joyce scores massive bonus (Human Resources)

Qantas CEO Alan Joyce monetary rewards package has jumped to a whopping $24.6 million in 2017 (almost double the $14.3 million he got in 2016). It makes him one of the highest paid CEO’s in Australia. His base pay was unchanged at $2.1 million and his cash bonus fell to $1.7 million. However, he scored $20.08 million under a share incentive scheme, a bonus for resurrecting Qantas financial fortunes. Mr Joyce’s pay packet for the past year is almost 300 times the amount full-time workers earn each year on average — $83,637.

Qantas chairman Leigh Clifford defended Mr Joyce’s pay package, saying Qantas was “now one of the best performing airlines in the world”.

“There is no question that these pay outcomes are high,” he said. “That’s because they reflect the company’s exceptional performance, including our top ranking for total shareholder return among global airline peers and every company on the ASX 100.

David Broadbridge

David Broadbridge holds a Bachelor of Commerce at the UNSW and a Dip Ed at UNE. He is the former Head Business Studies teacher at Pymble Ladies College. Follow David on Twitter or read his Qantas News Blog.